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Eversource Energy stock upgraded to Buy Candidate.
(Updated on May 07, 2024)

Buy candidate since May 07, 2024 PDF

The Eversource Energy stock price gained 2.45% on the last trading day (Tuesday, 7th May 2024), rising from $59.71 to $61.17. During the last trading day the stock fluctuated 2.05% from a day low at $60.03 to a day high of $61.26. The price has been going up and down for this period, and there has been a 1.36% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 313 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $119.76 million.

The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.52% during the next 3 months and, with a 90% probability hold a price between $61.05 and $66.28 at the end of this 3-month period.

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ES Signals & Forecast

The Eversource Energy stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $60.62 and $59.29. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen -0.730%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Eversource Energy stock

Eversource Energy finds support from accumulated volume at $58.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.23 between high and low, or 2.05%. For the last week the stock has had daily average volatility of 3.23%.

Our recommended stop-loss: $58.75 (-3.95%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (ES) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect Eversource Energy to open at $60.82, and during the day (based on 14 day Average True Range), to move between $59.62 and $62.72, which gives a possible trading interval of +/-$1.55 (+/-2.53%) up or down from last closing price. If Eversource Energy takes out the full calculated possible swing range there will be an estimated 5.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $61.62 (0.74%) than the support at $58.87 (3.76%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Eversource Energy stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Eversource Energy stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.808 Buy Candidate Upgraded

Predicted Opening Price for Eversource Energy of Wednesday, May 8, 2024

Fair opening price May 8, 2024 Current price
$60.82 ( 0.572%) $61.17

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ES

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 62.05 1.44 %
R2 61.58 0.670 %
R1 61.29 0.196 %
Current price: 61.17
Support S1 60.35 -1.34 %
S2 60.06 -1.81 %
S3 59.59 -2.58 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 61.62 0.736 %
Current price 61.17
Support S1 58.87 -3.76%
S2 58.62 -4.17%
S3 57.06 -6.72%

ES Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 15, 2024 May 15, 2024 Jun 28, 2024 $0.715 1.17%
2 Jan 31, 2024 Mar 04, 2024 Mar 29, 2024 $0.715 1.20%
3 Dec 05, 2023 Dec 15, 2023 Dec 29, 2023 $0.675 1.09%
4 Sep 14, 2023 Sep 22, 2023 Sep 29, 2023 $0.680 1.17%
5 May 03, 2023 May 17, 2023 Jun 30, 2023 $0.675 0.95%

FAQ

What is the symbol for Eversource Energy Stock and on which exchange is it traded?
The symbol for Eversource Energy is ES and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Eversource Energy Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Eversource Energy stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Eversource Energy Stock?
Eversource Energy Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Eversource Energy Stock.

What's the current price of Eversource Energy Stock?
As of the end of day on the May 07, 2024, the price of an Eversource Energy (ES) share was $61.17.

What is the 52-week high and low for Eversource Energy Stock?
The 52-week high for Eversource Energy Stock is $4.29 and the 52-week low is $0.502.

What is the market capitalization of Eversource Energy Stock?
As of the May 07, 2024, the market capitalization of Eversource Energy is 21.502B.

When is the next earnings date for Eversource Energy?
The upcoming earnings date for Eversource Energy is Jul 29, 2024.
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About Eversource Energy

Eversource Energy Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas. The company operates regulated water utilities that provide water services to approximately 226,0... ES Profile

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